Lithium dreams in quarterly findings

DREAMS of creating a lithium downstream processing industry have been given a fillip by global events and the federal government’s Chief Economist’s Office.

Lithium dreams in quarterly findings Lithium dreams in quarterly findings Lithium dreams in quarterly findings Lithium dreams in quarterly findings Lithium dreams in quarterly findings

Australia's chances of developing a downstream battery metals industry have received a fillip.

The office's Resource and Energy Quarterly outlines the government's forecasts for the future of the resource and energy sector and this time, contains a special section looking at the battery minerals market.

Global lithium demand is expected to rise from 149,000t lithium carbonate equivalent to 1.3 million tonnes LCE in 2027 with 90% of the growth driven by electric vehicles.

Australia has structural advantages to cash in on this growth because it can mine spodumene at a 10% to 15% cost advantage over brine producers.

By next year Australia is expected to account for 80% of the world's supply from hard rock deposits.

Lithium hydroxide will account for 25% of lithium compounds used in batteries by 2021 and that is predicted to rise to more than 60% in...

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